- October 7, 2018
- Posted by: admin
- Category: Uncategorized
The use of artificial intelligence and Internet of Things is increasingly becoming a reality for businesses. Here are ways IBM Watson AI and IoT are being put into practice in 10 industries.
IBM Watson industries- More and more industries are turning to artificial intelligence (AI) and the Internet of Things (IoT) to enhance their businesses like never before; at the forefront of that effort is IBM’s Watson supercomputer. Find out how IBM Watson products are transforming these 10 industries: Manufacturing, supply chain, human resources, customer service, marketing, advertising, building management, medicine, automotive, and agriculture.
Manufacturing can be inefficient (even when machines do some of the labor), as well as dangerous for assembly line workers. IBM Industry 4.0 uses Watson AI and IoT in a threefold method to make the manufacturing process easier and safer.
According to the IBM Watson site, by adding IoT sensors to manufacturing equipment, Watson reads and analyzes how machines are operating, resulting in up to 47% less downtime. Through the use of IBM Watson cognitive processes and operation, defect rates can be reduced by up to 48%, improving product yield. The smarter resource and optimization function improves efficiency in the areas of energy consumption and worker output, resulting in up to 50% reduction in costs.
By streaming collected data and using the IBM Watson IoT platform, manufacturers can create easy-to-read dashboards for their business, produce models of predictive failure, and interface directly with IBM Watson to determine the best solutions to issues.
Managing an entire supply chain is tough—supply chain managers have to contend with numerous uncontrollable factors (e.g., weather, delivery delays, and unstable suppliers) that can create issues for an entire company. While efficiency is key in supply chain management, there is only so much information that can be processed at any given time. That’s where AI can help.
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Article Credit: TechRepublic
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